Investors Buy Large Volume of AST SpaceMobile Call Options (NASDAQ:ASTS)

AST SpaceMobile, Inc. (NASDAQ:ASTS) was the target of unusually large options trading on Friday. Stock investors acquired 132,097 call options on the stock. This is an increase of approximately 139% compared to the average volume of 55,296 call options.

Hedge Funds Weigh In On AST SpaceMobile

Institutional investors have recently made changes to their positions in the stock. Amalgamated Bank increased its stake in AST SpaceMobile by 17.4% in the third quarter. Amalgamated Bank now owns 4,578 shares of the company’s stock valued at $120,000 after purchasing an additional 679 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in AST SpaceMobile in the third quarter valued at $26,000. Hollencrest Capital Management acquired a new position in AST SpaceMobile in the third quarter valued at $26,000. Americana Partners LLC increased its stake in AST SpaceMobile by 5.2% in the fourth quarter. Americana Partners LLC now owns 27,047 shares of the company’s stock valued at $571,000 after purchasing an additional 1,326 shares during the last quarter. Finally, Colonial River Investments LLC increased its stake in AST SpaceMobile by 17.3% in the fourth quarter. Colonial River Investments LLC now owns 10,618 shares of the company’s stock valued at $224,000 after purchasing an additional 1,564 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Scotiabank cut their price target on AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating on the stock in a research report on Friday, January 24th. UBS Group lifted their price target on AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Cantor Fitzgerald assumed coverage on AST SpaceMobile in a research report on Thursday. They set an “overweight” rating and a $30.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $40.04.

AST SpaceMobile Stock Up 9.8 %

ASTS opened at $27.12 on Friday. The business’s fifty day moving average is $22.49 and its two-hundred day moving average is $24.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. The company has a market cap of $7.86 billion, a price-to-earnings ratio of -12.79 and a beta of 1.62. AST SpaceMobile has a one year low of $1.97 and a one year high of $39.08.

About AST SpaceMobile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.